What Eddyfi does

Eddyfi is a Quebec-based provider of advanced non-destructive testing (NDT) inspection technologies serving asset-intensive industries globally. Founded in 2009 and headquartered in Quebec City with manufacturing in Snoqualmie, Washington, the company offers a comprehensive portfolio of portable and industrial inspection instruments (Panther 2, Cypher, Gekko, Mantis, Ectane, QuartZ, Reddy), robotic inspection platforms (VersaTrax crawlers, Probot), specialized probes spanning PAUT, ECA, PEC, MFL, ACFM, IRIS, and guided-wave methods, and an integrated software stack (Capture, Magnifi, UltraVision, ICON, Acquire, SDK). It serves customers in 110+ countries across nuclear power, aerospace, oil & gas, defense, power generation, transportation/rail, civil infrastructure, and mining, with named enterprise customers including Shell and applications spanning pipeline integrity, corrosion under insulation, weld inspection, composite defect detection, and confined-space robotic inspection.

The company generates revenue through hardware sales of inspection instruments, scanners and crawlers, probes and sensors, software licenses (one-time and embedded within instruments), remote monitoring solutions, and professional services including its Customer Success Program. Pricing is quote-based with a direct enterprise field-sales motion supported by global offices and field application engineers in the US, Canada, UK, France, UAE, China, and Africa. Eddyfi operates through wholly-owned subsidiaries including Zetec (nuclear steam generators), Eddyfi Robotics (VersaTrax crawlers), Pavemetrics (automated vision), Railmetrics (railway inspection), and remote monitoring brands Huggenberger, Senceive, Sensor Networks, and Sisgeo (acquired June 2025). Expected 2026 revenue is approximately $270 million with $80 million adjusted EBITDA, implying roughly 30% EBITDA margins.

The company pursued a sustained roll-up strategy from 2016 through 2025, completing acquisitions of Silverwing UK, TSC Inspection Systems, M2M ndt, Inuktun, and Sisgeo, before splitting from Previan in June 2025. In February 2026, ESAB Corporation signed a definitive agreement to acquire Eddyfi for $1.45 billion (C$2.0 billion), completing the transaction on June 2, 2026, with commitments to retain workforce and the Quebec City headquarters. The deal expands ESAB's total addressable market to approximately $5 billion and targets $100 million in annualized run-rate synergies.

Name

Eddyfi

Legal name

Eddyfi Holding Inc.

Website

https://eddyfi.com

Company type

Private

Founded year

2019

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

Eddyfi is a Quebec-based provider of advanced non-destructive testing inspection technologies, offering instruments, robotic crawlers, probes, and software serving aerospace, nuclear, oil & gas, defense, and power generation customers across 110+ countries.

Ownership category

akta.pro rank

Product category

Non-Destructive Testing (NDT) Inspection Equipment

NAICS

Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Electronic and Precision Equipment Repair and Maintenance (8112), Testing Laboratories and Services (541380)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Laboratory Analytical Instruments (3826), Services-Testing Laboratories (8734)

akta.pro primary industry

NDT/NDE Inspection Equipment (Ultrasonic, eddy current, radiography, thermography) (IMAGAFAI)

akta.pro secondary industries

Non-Destructive Testing (NDT) & Advanced Inspection (Phased Array, TOFD, Guided Wave) (EUAEAKAF), Pressure Equipment, Boilers & Heat Exchanger Inspection (EUAEAHAB), Corrosion Inspection & Coating/CP Surveys (CUI, CP, DCVG/ACVG) (EUAEAHAF), Non-Destructive Testing (NDT) & Inspection Services (IMAIACAI), NDT/Inspection & Testing Services (Aviation) (IMABALAJ)

Keywords

• Non-destructive testing
• Phased array ultrasonics
• Eddy current inspection
• Robotic inspection crawlers
• Corrosion mapping scanners

Headquarters

HQ city

Quebec

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Inspection Instruments: Sale of portable and desktop inspection instruments including Panther 2, Gekko, Mantis, Ectane, and other NDT instruments
2. Inspection Scanners and Crawlers: Sale of inspection scanners, crawlers, and robotic platforms including VersaTrax, PaintBrush2, and custom robotic solutions
3. Probes and Sensors: Specialized probes, sensors, and wedges for various NDT inspection techniques including PAUT, ECA, PEC, and ACFM
4. Software Licenses and Subscriptions: Acquisition, analysis, and reporting software including Acquire, Capture, Magnifi, UltraVision, ICON, and SDK tools
5. Remote Monitoring Solutions: Continuous monitoring solutions including Huggenberger, Senceive, Sensor Networks, and Sisgeo geotechnical sensing products
6. Professional Services: Customer Success Program, training, calibration, and on-site support services

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Eddyfi designs, manufactures, and sells advanced non-destructive testing (NDT) inspection technologies, including portable and industrial inspection instruments (Panther 2, Cypher, Ectane 3, Mantis, QuartZ, Reddy), robotic inspection crawlers (VersaTrax, Probot), magnetic flux leakage and pulsed eddy current scanners (FloormapX, Lyft, PaintBrush2), probes and sensors, and accompanying inspection software (Acquire, Capture, Magnifi, UltraVision, ICON). Solutions serve safety-critical inspection requirements for aerospace, nuclear, oil & gas, defense, power generation, transportation, and civil infrastructure sectors, with field application engineering support delivered from offices worldwide.

Product overview

Eddyfi is a global leader in advanced non-destructive testing (NDT) instrumentation offering a comprehensive portfolio of inspection technologies. The portfolio includes portable and industrial inspection instruments (Panther 2, Cypher, QuartZ, Mantis, Ectane 3, Reddy), robotic inspection platforms (VersaTrax crawlers, Probot), probes and sensors for various NDT methods (PAUT, ECA, PEC, MFL, ACFM, IRIS, Guided Wave), and software solutions (Acquire, Capture, Magnifi, UltraVision, ICON, SDK). The product lines serve critical industries including aerospace, energy, nuclear power generation, oil & gas, mining, power generation, transportation, and civil infrastructure. The company also offers remote monitoring solutions, automated vision systems, and custom engineering services for specialized inspection requirements.

Differentiator

Problem solved

Functional benefit

Brands

• Magnifi: Inspection data analysis and reporting software
• Ectane
• Capture
• Panther
• Gekko
• Mantis
• Lyft
• Reddy
• Sonyks
• VersaTrax
• Cypher
• QuartZ

Products and services

• Panther 2 Industrial PAUT/TFM instrument delivering data results faster than any other commercially available solution, with configurations from 32 up to 2,048 elements and scanning speeds over 750mm/s for industrial NDT inspection customers.
• Cypher Portable phased array ultrasonic inspection platform delivering faster, clearer, and more confident NDT inspections with intuitive design and rugged durability.
• Ectane 3 Multi-technology NDT instrument for comprehensive eddy current and ECT inspections.
• Mantis Portable phased array ultrasonic testing flaw detector providing advanced features on an entry-level PAUT unit.
• QuartZ High-speed ultrasonic inspection instrument achieving excellent balance between speed, power, and flexibility for complex inspections in oil & gas, manufacturing, and transportation markets.
• Reddy Portable system for AC (Air Conditioner) and ECT tubing inspection with 100GB memory, Bluetooth/Ethernet/Wi-Fi connectivity, and plug-and-play probe support, designed for inspection of heat exchangers and surface ECA/MFL applications.
• Lyft Pulsed Eddy Current (PEC) system for detecting wall thickness loss and corrosion through protective insulation without requiring extensive stripping of insulation or weatherproofing.
• FloormapX Magnetic Flux Leakage (MFL) scanner for tank bottom inspection, detecting corrosion and wall loss in storage tanks.
• Sonyks Guided wave ultrasonic testing system for pipeline inspection, particularly effective for small diameter pipelines and fire line ring mains screening.
• Swift M Pipeline corrosion mapping scanner for inspection of pipes and pipelines using phased array techniques.
• WeldXprt Complete Automated Ultrasonic Testing (AUT) solution for pipeline girth weld inspection, optimized for new pipeline construction.
• PaintBrush2 Advanced corrosion inspection scanner capable of inspecting flat and curved surfaces, delivering 100% area coverage with TFM, PWI, and PAUT techniques.
• VersaTrax Inspection Crawlers Modular robotic inspection platforms engineered with modularity to accommodate diverse physical configurations for confined space and tank inspections, designed for hostile and hazardous environments.
• Probot Robotic inspection crawler for NDT inspections in confined or hazardous spaces.
• Acquire Acquisition software delivering advanced PAUT and TFM settings and imaging, designed for industrial and laboratory applications with CIVA NDE simulation software integration.
• Capture Premier acquisition and analysis software for ultrasonic techniques including conventional UT, PAUT, TOFD, TFM, and adaptive TFM, compatible with Mantis, Gekko, and Panther instruments.
• Magnifi Connected inspection software for ECT and tubing inspection data analysis with Zoom integration, OneDrive backup, and mobile app for enriched reporting workflows.
• UltraVision 3 Classic Comprehensive PAUT analysis software with 3D work environment for inspection design through advanced analysis and reporting.
• ICON Versatile modular robotic control software with SDK for custom plugin development, designed to integrate seamlessly with VersaTrax crawler configurations.
• Software Development Kit (SDK) High-level library for developing custom NDT inspection applications to control Panther 2 with access to all acquisition parameters, real-time conventional, PAUT, and TFM data, and saved data for post-processing.
• IRIS UT Kits Internal Rotary Inspection System (IRIS) kits for ultrasonic inspection of tube internals in heat exchangers and process equipment.
• PAUT & UT Probes and Wedges Specialized Phased Array Ultrasonic Testing and conventional UT probes and wedges for various inspection applications across aerospace, oil & gas, and power generation.
• Pulsed Eddy Current (PEC) Probes PEC probes for detecting wall thickness loss through insulation, including PECA-HR high-resolution array probe, used with Lyft systems.
• ACFM Probes (Sensu 2) Alternating Current Field Measurement (ACFM) probes for subsea and topside crack detection and inspection, including pencil probe (PACE) and surface probe variants.
• MFL Tubing Probes Magnetic Flux Leakage probes for tubing inspection in heat exchangers and process equipment.
• Spyne Array Probe Eddy Current Array probe for pipeline crack assessment and stress corrosion cracking detection.
• Customer Success Program Service program designed to reduce downtime, boost productivity, and protect investments with annual calibrations, accidental damage protection, and on-demand eLearning.
• Automated Inspection Solutions Complete turnkey automated NDT inspection solutions for industrial applications including automated ultrasonic testing systems.
• Custom NDT Engineering Solutions Custom engineering solutions for specialized non-destructive testing requirements that cannot be addressed by standard products.
• Remote Monitoring Solutions Continuous monitoring solutions including Huggenberger, Senceive, Sensor Networks, and Sisgeo geotechnical sensing products for structural health monitoring of civil infrastructure and industrial assets.

Quantifiable outcome

• Scanning speeds over 750mm/s (30 inches/s) achievable with Panther in multi-group configuration
• +2 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability9 records

Feature13 records

Partnerships

One partnership is on record.

• Advanced Test Equipment Corporation (ATEC)coreChannel Partner/ Reseller/ Distributor · 8 April 2026ATEC joined Eddyfi Robotics' Preferred Rental Supplier program, enabling ATEC to offer Eddyfi Robotics inspection systems including the Versatrax through its rental fleet. The partnership addresses a key barrier in industrial inspection by providing asset owners and service companies access to advanced robotic confined space inspection equipment without requiring full capital investment.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Evident (formerly Olympus Industrial): Evident, the Olympus industrial unit rebranded, is the largest direct competitor in ultrasonic, phased array, eddy current, and X-ray NDT instrumentation. Overlap is strongest in PAUT flaw detectors, probes, and portable UT instruments targeting aerospace, oil & gas, and power generation end markets.
• Waygate Technologies (Baker Hughes): Waygate Technologies, the Baker Hughes NDT subsidiary, offers a competing portfolio of industrial radiography, ultrasonic, eddy current, and visual inspection equipment. Comparable product breadth and a strong presence in aerospace MRO overlap directly with Eddyfi's PAUT and TFM offerings.
• Mistras Group: Mistras Group provides NDT products and inspection services across oil & gas, power, aerospace, and infrastructure. Direct overlap in ultrasonic and eddy current testing instruments and complementary inspection services makes Mistras one of the closest pure-play comparables.
• Sonatest: Sonatest manufactures ultrasonic flaw detectors and phased array instruments serving aerospace, oil & gas, and power generation. Direct competition in portable UT and PAUT instruments, with overlapping probe and software ecosystems.
• NDT Global (Rosen Group): NDT Global provides ultrasonic pipeline inspection services and inline inspection tools for oil & gas operators. Comparable technology stack in guided wave and high-resolution UT, serving the same pipeline integrity end customers as Eddyfi's Sonyks, Swift, and WeldXprt product lines.
• T.D. Williamson: T.D. Williamson offers pipeline integrity solutions including in-line inspection, crack detection, and corrosion assessment tools. Overlaps with Eddyfi in pipeline inspection technologies (MFL, UT, EMAT) and serves the same oil & gas midstream customer base.
• Rosen Group: Rosen Group provides inspection, integrity, and rehabilitation solutions for pipelines and industrial assets. Comparable technology portfolio (EMAT, UT, MFL) and shared focus on oil & gas pipeline integrity, with broader service capabilities than Eddyfi.
• Applus+ RTD: Applus+ RTD is a global NDT service provider and equipment manufacturer serving oil & gas, aerospace, and power generation. Direct overlap in advanced NDT inspection services and complementary equipment offering for asset integrity management.

Broad incumbents

• Intertek: Intertek is a global TIC (testing, inspection, certification) incumbent providing asset integrity, NDT, and quality assurance services across energy, aerospace, and infrastructure. Comparable as a broad incumbent in the same end markets, though Intertek is service-led rather than equipment-led.
• Bureau Veritas: Bureau Veritas is a global TIC incumbent providing industrial inspection, asset integrity, and certification services across oil & gas, marine, power, and construction. Comparable as a broader incumbent player with overlapping service offerings in NDT-driven asset integrity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks3 records

Key highlights7 records

Customer concentration

• Xx.com/eddyfi

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eddyfi